We’ve all seen the dramatic effect hurricanes can have – both the initial wind then rain and the floods that follow. Make sure your homeowners insurance provides the coverage you need before the storm hits.
If you can’t live in your home, make sure your policy will pay additional living expenses. Review your policy for detailed coverage explanations.
You should review your insurance policy once a year to make sure you have enough coverage to rebuild based on current construction costs. This value is not the same as market value or assessed value. We recommend you get a precise estimate and make sure you talk to your agent about your home’s unique features.
Flood damage from hurricanes isn’t covered by property insurance.
It’s important to know that home insurance does NOT cover flood damage from a hurricane. Your agent can help you purchase a policy through the National Flood Insurance Program.
Reduce potential damage before a hurricane hits.
- Install storm shutters
- Remove yard debris, like dead tree limbs, that could become flying objects
- Have a safe place to park your cars or store your boat
- Make sure you, your family or employees know how to shut off utilities
- Back-up computer records and store them at least 50 miles off-site
- Gather important papers, including inventory lists and insurance information
Some important tips if you are in the path of a hurricane.
If you are in a building, avoid elevators. Stay inside and away from windows, skylights and glass doors.
Know your community’s evacuation plan and if asked to evacuate, do so immediately. When driving, avoid washed out and wet roads that can hide downed electrical lines or underlying currents that can carry your vehicle away.
Know Your Deductible
Several insurance policies have a separate hurricane deductible, also known as, wind and hail deductible. You need to know what your deductible is so you are prepared when a hurricane hits. Hurricane deductibles typically range from $2,000 to a percentage of your home’s insured value. For example, if your home is insured for $500,000 and you have 2% hurricane deductible, you will have to pay $10,000 before your homeowners insurance will pay for damages.
Questions about homeowners insurance – Contact The Andrew Agency
The Andrew Agency is an independent insurance agency serving customers in Virginia, Maryland, North and South Carolina. If you have questions about homeowners insurance, auto insurance or any other type of insurance contact The Andrew Agency at 804.320.2886.